Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,545 shares of the transportation company's stock after selling 2,414 shares during the quarter. Bank of Montreal Can's holdings in Grupo Aeroportuario del Pacífico were worth $2,720,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in PAC. Arrowstreet Capital Limited Partnership grew its holdings in Grupo Aeroportuario del Pacífico by 317.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company's stock valued at $16,755,000 after purchasing an additional 72,798 shares during the last quarter. State Street Corp lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 11.0% in the third quarter. State Street Corp now owns 374,595 shares of the transportation company's stock valued at $65,187,000 after purchasing an additional 37,005 shares in the last quarter. Northcape Capital Pty Ltd grew its position in shares of Grupo Aeroportuario del Pacífico by 4.5% in the fourth quarter. Northcape Capital Pty Ltd now owns 171,841 shares of the transportation company's stock valued at $30,070,000 after purchasing an additional 7,473 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Grupo Aeroportuario del Pacífico by 7.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 92,372 shares of the transportation company's stock worth $16,164,000 after purchasing an additional 6,139 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Grupo Aeroportuario del Pacífico in the 4th quarter valued at about $875,000. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Pacífico Stock Performance

NYSE:PAC traded down $2.87 during trading hours on Monday, reaching $191.72. 7,273 shares of the stock were exchanged, compared to its average volume of 69,199. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52 week low of $146.62 and a 52 week high of $205.35. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $9.69 billion, a P/E ratio of 19.06, a P/E/G ratio of 1.28 and a beta of 1.11. The firm has a 50 day simple moving average of $189.45 and a 200-day simple moving average of $184.90.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Bank of America lowered shares of Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research report on Tuesday, March 4th. StockNews.com downgraded shares of Grupo Aeroportuario del Pacífico from a "hold" rating to a "sell" rating in a research note on Friday. Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and lifted their price target for the stock from $140.00 to $210.00 in a research note on Wednesday, February 12th. Finally, Barclays reissued an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $200.00.

Grupo Aeroportuario del Pacífico Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.